Central Florida Gated Now Unsecure....

By
Real Estate Agent with La Rosa Realty
With so many people losing their homes in todays market, who are paying these HOA dues?  I've noticed in my service area that in one well-sought after community which is gated and had a guard there is now left wide open.  It also has a high percentage of foreclosure.  In another gated community too, I've also noticed another high amount of foreclosure in addition to people not paying their HOA and now have liens on their property?  In the long run, I'm sure many of these gated communities will pass on the cost to those who are willing to stay in the community and help to keep it up.  But is it fair for them to pick up the slack for others?  Who should pay?
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gated communities
hoa dues

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Ambassador
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Renée Burrows
Las Vegas Real Estate Broker - www.urLVhome.com
Savvy Home Strategies Realty, LLC-REALTOR®-Estate-Probate

Many HOAs here have raised their dues.  It is unfair for the homeowners to pay extra to make up for the shortcoming.

Two notes:

The first one, it is very important for buyers to look over HOA financials prior to purchasing.

Second, will HOAs have the power to decide how many homes "turn over" in any given year and limit what types of loans are given out to potential purchases.

Things that make you say HMMMMMMMMMMMM

April 17, 2008 09:48 AM
Rainer
61,226
Netta Blackwood
REO/BPO Expert
La Rosa Realty
Wow...good point Renee...
April 17, 2008 09:50 AM
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Rainer
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Netta Blackwood

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